Profile: Pacific Sunwear of California Inc (PSUN.O)

Pacific Sunwear of California, Inc., incorporated in August 1982, is a lifestyle specialty retailer. The Company sells casual apparel with a limited selection of accessories and footwear designed to meet the needs of teens and young adults. The Company operates a nationwide, primarily mall-based chain of retail stores under the names Pacific Sunwear and PacSun. During the fiscal year ended January 31, 2009 (fiscal 2008), the Company leased and operated 932 stores among all 50 states and Puerto Rico, comprised of 3,587,683 square feet. In addition, the Company operates an e-commerce Website at www.pacsun.com, which sells PacSun merchandise online, provides content and community for its target customers, and provides information about the Company. On February 3, 2008, the Company began inventory liquidation sales in demo stores and closed all demo stores on May 3, 2008.

The Company’s stores offer a selection of casual apparel, related accessories and footwear for Young Mens and Juniors. The Company offers a selection of action-sport name brands, such as Billabong/Element (Billabong brands), Quiksilver/Roxy/DC Shoes (Quik brands), Fox Racing, Volcom and Hurley, among others. The Company’s subsidiaries include Pacific Sunwear Stores Corp. and Miraloma Corp. During fiscal 2008, Billabong brands accounted for 11% and Quik brands accounted for 10% the Company’s total net sales. Fox Racing accounted for 9% of total net sales during fiscal 2008.

The Company competes with Abercrombie and Fitch, Hollister, American Eagle Outfitters, Aeropostale, The Buckle and Urban Outfitters.